The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

In a purchase market, rookie LOs may struggle

Rookie LOs in 2020 could ride the refi wave and rack up a hefty monthly paycheck without Herculean effort. But these days, they'll have to sing for their supper.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

Natural disasters and forbearance: What borrowers and mortgage servicers need to know

With a rise in natural disasters, including wildfires, hurricanes, floods, tornadoes and mudslides. The mortgage industry needs to be proactive in examining programs to help borrowers recover.

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How capacity constraints are impacting servicers

First American Mortgage Solutions helps deliver shortened turn times while maintaining compliance

The current demand for capacity is forcing everyone in the industry to pick and choose what projects they work on, what products they use, and – most importantly – how their employees are utilized. There are conversations taking place right now about trying to identify bonafide counterparties to partner with. 

This is a challenging time for servicers, with somewhat of a perfect storm of increased volumes, pandemic-driven dislocation, capacity constraints and increased regulatory pressures. First American Mortgage Solutions has already been accelerating its client engagements, specifically with partial claims processing, servicing transfers, lien release and assignment activity. 

First American Mortgage Solutions made some significant acquisitions in 2020. It closed on its acquisition of First American Docutech, a leader in the loan origination document space, in March of last year. Docutech has a vision for digitization of this process. Adoption has been a real problem across the industry for a number of reasons, but First American saw a need to merge lender docs with settlement agent docs to give borrowers a true end-to-end digital experience. 

First American also recently announced its intent to acquire subservicing business ServiceMac. Getting closer to servicing will give the company insights and acumen in a very highly complex servicing space, as well as an opportunity to accelerate product development and solution innovation for servicers across the country. 

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